What does a broker do?

As well as executing client orders, brokers may provide investors with research, investment plans, and market intelligence. They may also cross-sell other financial products and services their brokerage firm offers, such as access to a private client offering that provides tailored solutions to high net worth clients.

Does IG broker USA have a mobile app?

In addition to MT4 and the web-based trading platform, IG Broker USA also offers a mobile app, which is available for both Android and IOS and offers a scaled-down version of the IG trading platform.

How does IG broker leverage work?

Users with an IG Broker open account can use leverage for trading forex. The platform requirements allow traders to trade on a margin of up to 1:30, depending on the particulars of a given trade. IG puts out an initial warning call by email when accounts fall 99% below the required margin.

How do brokerages make money?

(We have a list of brokerages that offer free trading here.) Brokers that do not charge commissions make money off investor assets in other ways — most often by earning interest on uninvested cash in investor accounts. Most investment accounts hold a small amount of cash, and a broker sweeps that cash into a deposit account that earns interest.